New York City’s Comptroller has dismissed a plan by Mayor Eric Adams to back municipal bonds with bitcoin BTC$104,598.40, calling it “legally dubious and fiscally irresponsible.” Comptroller Brad Lander, who co-manages the city’s debt issuance, rejected the proposal just days after Adams pitched the so-called “BitBond” to a crowd at a bitcoin conference in Las […]
XRP’s correction ‘not over’; Here’s the new low target to watch
XRP’s correction ‘not over’; Here’s the new low target to watch Paul L. Cryptocurrency May 31, 2025 Share A trading expert is warning that XRP may face further losses, likely falling below $2, as technical indicators suggest the ongoing correction could persist. As of press time, XRP was trading at $2.16, down 1.56% in the […]
BlackRock’s Bitcoin ETF sheds $430 million, its largest single-day outflow
BlackRock’s iShares Bitcoin Trust (IBIT) saw over $430 million in outflows after markets closed Friday, snapping a week-long inflow streak that had lasted since April 10. It was the ETF’s largest single-day net outflow since launch, according to Farside Investors. IBIT continues to dominate the global Bitcoin ETF market, despite its recent pullback. The fund […]
Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000
Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged. Crypto Liquidations Have Surpassed $712 Million Over The Past Day According to data from CoinGlass, chaos has occurred on the derivatives market following the volatility Bitcoin and the company have gone through during the […]
Bitcoin Will Soar, Altcoins Won’t—Charles Edwards Explains Why
In an interview with Korean crypto researcher Juhyuk Bak, also known as @JuhyukB, Capriole Investments CEO Charles Edwards laid out a striking divergence in the crypto asset markets: while Bitcoin could double this year, altcoins remain structurally impaired and far from any meaningful rotation. Bitcoin Could Hit $200,000 This Year Speaking from the perspective of […]
Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows
Although Bitcoin (BTC) appears to have stalled in the mid-$100,000 range, on-chain data indicates that the top cryptocurrency’s bullish momentum is far from over. BTC recently hit a new all-time high (ATH) of $111,980, prompting several crypto analysts to forecast even higher prices in the near term. Bitcoin Rally Far From Over, Data Suggests According […]
Why is Bitcoin Price Dropping Despite Bullish Headlines?
Bitcoin (BTC) is down 6% over the past eight days after reaching new all-time highs, and recent technical signals suggest growing uncertainty in the market. Whale activity, which briefly declined, has started to recover, hinting that some large holders may be returning to accumulation. However, bearish indicators are mounting, with the Ichimoku Cloud showing weakness […]
Fidelity: Bitcoin Could Reach This ‘Important Milestone’
Jurien Timmer, director of global macro at Fidelity Investments, has opined that Bitcoin potentially decoupling from equities would represent a major milestone for the leading cryptocurrency. According to Timmer, the rise in the global money supply has not gone unnoticed by either gold or its digital rival. The prominent analyst added that the global M2, […]
BREAKING NEWS: Meta (Facebook) Shareholders Reject Proposal to Add Bitcoin to the Company’s Treasury! Here Are the Details
According to the latest development, Meta (formerly Facebook) shareholders have rejected the proposal to consider adding Bitcoin to the company’s treasury. The decision to reject the proposal was taken with 8.85 million abstentions, 4.9 billion votes against and 3.9 million votes in favour. Image showing the result of a vote among Meta shareholders. *This is […]
Strategy stock price moves into a correction: will it rebound?
The Strategy stock price has moved into a technical correction after falling 14% from its highest point this month. MSTR dropped to $370, well below this month’s high of $430, as Bitcoin (BTC) and other cryptocurrencies declined. It has fallen to its lowest level since April 30 and has underperformed Bitcoin, which is down just […]